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20121205
20121213
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CNNW 5
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Search Results 0 to 23 of about 24 (some duplicates have been removed)
FOX Business
Dec 5, 2012 7:00pm EST
, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's chief economist, and deutsche bank senior economist here next. stay with us. lou: you know, it may surprise some that december is historically the strongest month for investors. the s&p500 posting gains in december, 82% of the time since 1990. it's that 18% that should trouble folks, but are concerns with the fiscal cliff giving investors a reason to be less than optimistic? joining me is john, and carl, senior economist for deutsche bank. gentlemen, thank you for being here. start with the treasury secretary. the man in charge of our treasury is out telling everyone that the administration he works for is a part of is perfectly prepared to go over the fiscal cliff in order to raise a tax rate to 39.6%. does that make any sense to you? are you shocked, surprised? >> well, i guess i'm not surprised given we're in the early stages of the discussion, but for the economists and forecasters out there calling this is the fiscal slope, not a cliff or believe it's worthwhile to go over the cliff, it's not th
FOX Business
Dec 5, 2012 10:00pm EST
said the obama administration is now willing to go over the fiscal cliff. moody's chief economist, deutsche bank senior u.s. economist telling us just how much that will hurt the economy and the markets,nd, of course, investors and everyon in this country in today's money lineup, news on the economy brought life to wall street today inspiring some investors, the news an unexpectedncrease in factory orders up for a second straight month, and the biggest gains in productivity in the third quarter in two years. business activity, along with new orders, showing their biggest gains last month since the first quarter. stocks finished off their highs. the do up 83 appointmes at the close. the s&p gaining 2.25, and the nasdaq under the weight and prsure of the biggest stock, apple, dropping 23 points. volume today rising to alst 4%.2 billion shares. app 8 stock, as i said, today, laggerred and immense weight on e ma. that stock fell 6.5%, $37, and concerned about the lack of new products on the horizon, concern increased competition in the market might force apple to cut margins to remain
FOX News
Dec 8, 2012 3:00pm PST
go off the fiscal cliff. our economy cannot sustain that and it cannot happen. >> when is the sausage done? >> the sausage will get done a couple of hours before christmas eve. they will keep them in the house until very late. they will put something through at the very end. it won't be pretty. it won't be a long-term solution, and my guess is they will put a bandaid long enough to get us to about february where we can have the same discussion when we hit the debt limit ceiling in february and do it all over again. >> debbie, what is your prediction on this? >> i think chip and i agree it will be the end of the year. i have told congressional spouses they should plan on their spouses working between christmas and new year's, and that's what the american people want. they are elected to govern and that's part of the job. >> do you agree with chip that it will be a temporary fix? >> i don't know. >> it will just take us into the new year, or will they do a grand bargain here? >> well, i think you could get a grand bargain, but i think you can't do the kind of detailed work that has got
FOX News
Dec 8, 2012 3:00am PST
in sight for the fiscal cliff hanger. >> when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another wee>> why speaker says the president's my way or the highway approach is getting us nowhere. >> the feds are borrowing nearly a billion dollars a day. so why is the white house saying reducing our debt not really the goal? >> thank you, eric, it's the most watched video on the internet of all time. he is set to perform for the president. gangnam style said about our soldiers a few years ago. that controversy kicking up this morning. "fox & friends" hour one begins right now. >> get out the coffee. wake up, everyone, thank you so much for waking up with tus, it is "fox & friends" on this saturday morning. dave bowling in for dave briggs. >> come in and do the show with us today. more filling in today than the regulars. we are glad to be on with you clayton. >> you are on an interesting morning because congress now just 23 days left, 23 days until we head off that flif. fiscal cliff. if you listened to speaker boehner yesterday he is reading reports th
FOX News
Dec 7, 2012 7:00pm PST
was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> greta: with us is co-host of the five, greg gutfeld. he has a new book out, the joy of hate. he's been on a road trip having a book tour, so he has been talking to lots of people and they have been talking to him. so we want to know. are americans frus
CNN
Dec 8, 2012 2:00pm PST
, none. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts for the wealthy in place, the biggest issue that divides them, instead he said this. >> there are a lot of things possible for the revenue, to put on the table. but none of it will be possible if the president insists on his position, insists on my way, or the highway. >> reporter: aides to john boehner and the president who are doing the negotiating are tight-lipped. but others suggest possible compromise on the thorny tax issue. one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned ab
FOX News
Dec 8, 2012 10:00am PST
the fiscal cliff and right now the economy is in a fragile position. >> no one can argue with that one. a lot of criticism on both sides and a lot pointing to republicans that they want to see the fiscal cliff happen. is there any upside if we actually go over the cliff? >> there's no upside if we go over the cliff and what you've seen the last couple of weeks is political theater. that's how we negotiate things here in washington d.c. and the good news, the president put forth a plan and republicans have put forth a plan and i believe that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increase the gd growth by 1.5%. if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. sin
MSNBC
Dec 8, 2012 4:00am PST
to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans are the ones to blame for dragging their feet. at least publicly, seems we're walking on a treadmill, getting nowhere. anything bigger churning behind the scenes? >> we certainly hope so. the fact two sides do toin to talk, even if we don't necessarily hear about every detail is encouraging. it does appear republicans are getting close to the idea of raising -- sorry, of cutting taxes for middle income americans and maybe sorting out higher incomes a little later. certainly things aren't necessarily going the republicans way. i think we've seen polling this week that suggests congressional republicans would be held to account if, in fact, the country does go over the cliff. but friday sort of signaled, as boehner said, there really hasn't been su
FOX News
Dec 5, 2012 8:00am PST
house at the business roundtable about the economy. fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president referring to that as well. as we continue to get that feedback you can check it out foxnews.com, in the meantime we're going to move onto other news as well. >> reporter: and so let's begin with the violence that is appearing to really spiral out of control. secretary of state hillary clinton says she fears a desperate president bashar al-assad in syria may resort to using chemical weapons on his own people. in the meantime, the united nations is hint thag there wil hinting that there will be no asylum for bashar al-assad as the syrian dictator makes it clear that he will die before leaving the country under any circumstances. what is going on behind the scenes, for that we turn to corn powell following all the latest developments from our mideast bureau in jerusalem. connor. >> reporter: the international and inte
FOX News
Dec 7, 2012 8:00am PST
that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, jus
MSNBC
Dec 8, 2012 9:00am PST
because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> morris, what can be accomplished face-to-face between these two men? that's our number two. >> well listen. boehner is starting to remind me of newt gingrich. remember the whole situation where newt gingrich got upset with clinton, he wanted to shut down government. this speaker be a student of history. this is a bad situation for you. this i not a situation where he has to sit down face-to-face with the president. remember we have a presidential system, not a parliamentary system. i would like to remind my colleague susan. republicans los seats in every chamber. you didn't have mandate. you los your seats in both chambers. you need to come and deal with the -- >> i said members of congress had a mandate. >> you need to deal with the will of the public. it was very clear thought was about 250,000. not warren buffett, warren buffett, average americans, $250,000. mr. speaker, whether you sit down with the president or the
MSNBC
Dec 8, 2012 11:00am PST
imprisoned. >>> to the fiscal cliff now. the clock continues to tick away. lawmakers now have just 24 days left to make a deal and avoid that combination of big tax hikes and drastic spending cuts that could hit the economy hard. today we are hearing more from both the president and from republicans. with me now, nbc news white house correspondent mike viqueira. viq, does there appear to be any progress? >> reporter: i don't think so, craig, and we're watching it pretty closely. we thought perhaps after yesterday there would be. but this morning in his weekly address the president says no compromise. those top late rates for the w will raise one way or the other, but the wiggle room may be raise by how much. visiting a d.c.-area diner, vice president joe biden said if the gop were willing, the debt deal could be done in short order. >> it would take 15 minutes from the time the decision was made by the speaker of the house to pass and make permanent the middle-class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. >> reporter: but
CNN
Dec 12, 2012 6:00am PST
the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rates increases and nothing about spending. and we insist and say, look, mr. president, let's talk about a balanced plan, but where are your specifics on the spending cut? even his own advisers say that any kind of agreement that we come to has to deal with the prime drivers of our deficit, which is the spending, and particularly, the health care entitlement programs. so we ask the president to please sit down with us and be specific and let's get that balanced plan. you know, it's interesting that the senate has passed a bill that is a bill calling for increased revenues of $850 billion. the president continues to say, support that bill, pass that bill. well, how is that the case when he continues to say we also need $1.4 trilli
CNN
Dec 11, 2012 1:00pm PST
, the closer our economy gets to the fiscal cliff. >> nobody should trust democrats to put a dime until real deficit reductions. >> reporter: to better understand the gop positioning, remember what any reduction deficit looks like drawn from two different pots of money. first, tax revenue. second, spending cuts likely to center on changes to entitlements like medicare. on revenues, republicans already conceded to tax increases for the wealthy. the big sticking point is what kind and how much. since that is angering many on the right who oppose any tax increases, republicans want democrats to take the heat for entitlement cuts by proposing them first so republicans don't face the wrath of seniors, too. remember this 2011 ad depicting paul ryan throwing granny off the cliff? the white house says it's republicans who haven't offered specifics and the president has. >> very specific spending cuts, including savings in entitlement programs. again, i -- it's not a mystery. we've seen this before. this is the document. >> reporter: that document is last year's white house recommendations to the sup
FOX News
Dec 8, 2012 1:00pm PST
efforts to reach a deal over the fiscal cliff. the president needs to make the next move. >> it is not going to help our economy, and it is not going to help those seeking work. i came out to put revenues on the table and to take a step toward the president to resolve this. when is he going take a step toward us? >>> welcome back and time for a quick check of the head loins. headlines. john mcafee is fighting deportation from guatemala to belize. he is wanted for questioning in the death of a neighbor. he became a millionaire after developing anti-virus software. >>> and former south african president nelson mandela is undergoing testing at a hospital. the 94-year-old hasn't made public appearances for years. >>> and a massive typhoon devastating the philippines has made a u-turn. the storm already killed nearly 600 people, and now it is threatening to mick a second land -- threatening to make a second landfall. greg? >>> president obama asking pong for tens -- asking for tens and billions of dollars. he is calling for $64 billion for hard-hit new york and nerming new jer
FOX News
Dec 11, 2012 8:00am PST
on with the fiscal cliff negotiations and we heard from john boehner that he wants obamacare on the table. is this an opportunity for the president to acknowledge the fact that this bill is so unpopular, continues to be so unpopular and perhaps sit down and negotiate some positive changes to the health care law that everybody could be on board with? should this president take that opportunity right now? >> right now, no because it is adding too much complexity to a negotiation that is trying to get done between now and christmas. next year i think everything should be on the table, right? i think as we look to fashion the budget. rick: including obamacare? >> i think that if the republicans and president has said this repeatedly, if they can bring ideas to the table that will improve obamacare he will be open to it. so i think you will see everything on the table next year. but i think i want to be clear he is not backing away from the health care reform that he pushed so hard for because the old system wasn't working. we need a better health care system. remember, this year the past year
MSNBC
Dec 9, 2012 12:00pm PST
for infrastructure in our economy. so that's why there's such interest in averting this fiscal cliff. and i think that we can do that by simply taking up the senate bill. we continue the middle class tax cuts. >> before i let you go, starting today, same-sex couples in washington were able to marry for the first time because the state's same-sex marriage law took effect on friday. the supreme court announcing on friday, the same-sex law took effect at midnight. the supreme court announcing friday it's going to wade into the same-sex marriage debate. as a politician who is openly gay, are we on the cusp of a tectonic shift of sourts with regards to marriage equality in this country? >> i sure hope so, those of us who strongly support equality are looking to the court to do something. like the loving case that allowed for interracial marriage. like brown versus board of education. it's time to say you have the right to be in a committed relationship with the person you love and the government shouldn't tell you who that is. it's a simple, clear-cut case and i certainly hope the supreme court agrees
MSNBC
Dec 9, 2012 3:00pm EST
the fiscal cliff. you have immigration, health care. the economy, jobs, getting in the midst of an issue that is still fairly contentious for a significant number of americans, i think poses some political risk. my guess is where this ends up going is, the administration probably doesn't talk about it and probably doesn't go out of its way to enforce it. and i guess we'll wait and see what we actually do. >> young voters, joe watkins, young voters, no surprise here. according to the new republic, a polling that shows quote an impressive 65 to 70% of voters under the age of 30 supporting marijuana legalization. nationwide, this wasn't a study that was conducted in one state or a particular region. joe, does this issue now present the republican party, with a huge opportunity to gain the support of younger voters? >> i would hope, craig, that we would challenge younger voters to look to their better agnels. obviously the recreational use of marijuana is not the central issue that the republican party or any party would want to use to attract new voters. >> it doesn't have to be the central
CNN
Dec 12, 2012 12:00am PST
of this issue of the fiscal cliff so that people can live next year with a sense of predictability, with a sense that we can have a growing economy, and, frankly, peace in the world. >> and the place on this committee? >> i think it would be fun to do. >> i'll take that as a yes. >> senator lieberman. >> christmas and hanukkah. >> yes. >> what would i like from the president? that he pick the leadership he's been empowered with the election, bring the parties together beginning with speaker boehner and other leaders agree on a bipartisan package that will reduce debt, increase tax and cut increases on spending entitlements. that will do it and usher in a brilliant new period in america's economic history. >> sounds good. senator graham. >> three things, that the president would have -- >> this i thought we only had one. >> this is america you can have three the president will leave a force in afghanistan of 15 to 20 thousand to make sure the place doesn't fall back in to radical hands. that the people get behind syria and end assad's regime and entitlement form so we can keep this country from b
FOX News
Dec 4, 2012 4:00pm PST
a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is really no signs of progress. there has been some discussion that look that's just happening in public. behind closed doors maybe they are gaining some ground, i have spoken to some top white house officials tonight some top republicans on the hill they say in private they are not making progress either, shep. >> shepard: republicans say they have offered some compromises. >> they have in the sense that speaker boehner with his policy late yesterday put $100 billion in new tax revenue on the table. that was a concession by him but not far enough as you noted for the white house because the white house wants him to not just raise tax reve
CSPAN
Dec 12, 2012 10:00am EST
be directed to new spending instead of deficit reduction. the fiscal cliff must be averted to protect our economy for future generations. yesterday, house speaker john boehner asked the president to identify specific cuts he's willing to make for a balanced approach. i hope the president will take immediate action so progress can be made for a bipartisan solution. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the time of the gentleman has expired. the chair recognizes the gentleman from new york. >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: the gentleman is recognized. mr. mig-ins: mr. speaker, there are many lessons to be learned in the wake of the hurricane that devastated parts of new york and new jersey. one of which is the importance of electronic medical records and health information technology. while many hospitals and medical centers were damaged by the storm, hospitals that employed electronic medical records were able to ensure that vital health info
FOX News
Dec 5, 2012 3:00am PST
house claim president obama is willing to take the nation over the fiscal cliff if he doesn't get his way with raising taxes on the rich. where does that leave republicans now with our entire economy potentially on the line? senator orrin hatch, known for reaching across the aisle joins us next. >> brian: then this brave auto zone employee saved his boss' life, taking down a violent gunman who tried to rob the store. they didn't just say thank you. they said, i have a better idea. you're fired. >> steve: you're out of the zone [ female announcer ] you spend weeks planning it. you spend all day cooking it. so why spend even a moment considering any broth but swanson? the broth cooks trust most to make the meal folks spend all year waiting for. in stuffing and more, the secret is swanson. @ meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 com
Search Results 0 to 23 of about 24 (some duplicates have been removed)